Presidential election betting odds: Trump heavy favorite, Biden fading

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Think you know who is going to be the next president?

Wanna bet?

If you want to bet the presumptive Republican nominee, prepare to pay for it.

Former President Donald Trump is a heavy favorite heading into the Republican National Convention, which begins today. If you want to win $100 on Trump, you'd have to bet $227, as he's listed as -227. The odds are available on oddschecker.com.

President Joe Biden would probably be your best bet if you're going with an underdog. He comes in at +540, which is a significant underdog, especially for the incumbent.

Who is J.D. Vance? Answering your questions about Trump's VP pick

TOPSHOT - (COMBO) This combination of pictures created on September 29, 2020 shows US President Donald Trump (L) and Democratic Presidential candidate former Vice President Joe Biden squaring off during the first presidential debate at the Case Western Reserve University and Cleveland Clinic in Cleveland, Ohio on September 29, 2020. (Photo by JIM WATSON and SAUL LOEB / AFP) (Photo by JIM WATSONSAUL LOEB/AFP via Getty Images)

The only other candidate with reasonable odds is Biden's Vice President Kamala Harris, who comes in at +1450. After that, it's Michelle Obama (+4100), Gavin Newsom (+5400), Robert Kennedy Jr. (+8900), Gretchen Whitmer (+10900) and Anthony Blinken (+20000).

If you don't feel like waiting until November to cash in your bet, you can bet on the Republican vice president nominee. Trump is expected to make that decision shortly, possibly today.

The leader is JD Vance, who is +110. He's followed by Doug Burgum (+138), Marco Rubio (+800), Kash Patel (+1200), Ben Carson (+1200), Glenn Youngkin (+1400), Tulsi Gabbard (+1400) and Vivek Ramaswamy (+1400).

In the United States, you can't legally bet on politics. The odds have been taken from Oddschecker's site in the United Kingdom.

This article originally appeared on Asbury Park Press: 2024 presidential election betting odds: Who will win?